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Smartbank

Pigeon Forge, TN · Cert 58463 · Smartfinancial Inc.

State charter, Fed member · FED · 42 branches

Q2 2026

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, banks $1B-$10B in assets3

Basis

Quarter: Q2 2026, the quarter ended June 30, 2026, on both parts.

Income statement: year to date as filed, annualized, on both parts.

Balance sheet: as filed at quarter end.

Peer group

Banks $1B-$10B in assets (n=322 to 328). Each measure ranks only the institutions that reported it, so n varies by measure.

Peer groups below the disclosure floor are suppressed.

Peer standing

Capital

33

Q2 2024Q2 2026peer median (50)

Asset Quality

68

Q2 2024Q2 2026peer median (50)

Profitability

39

Q2 2024Q2 2026peer median (50)

Liquidity

96

Q2 2024Q2 2026peer median

Efficiency

55

Q2 2024Q2 2026peer median (50)

Growth

No peer data yet

Capital, Asset Quality, Profitability, Efficiency: higher is always a stronger peer standing (▲ better, ▼ worse). Liquidity, Growth: the score reflects closeness to the peer median -- 100 is sitting exactly at the median, falling the same way whether the bank runs above or below it.

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas.

CallReports · callreports.ai · Board PackageGenerated 2026-10-11

Smartbank

Pigeon Forge, TN · Cert 58463 · Smartfinancial Inc.

State charter, Fed member · FED · 42 branches

Q2 2026

$6.1BAssets
$4.7BLoans
$5.4BDeposits
$657.5MEquity
Loan mix
82%RE $3.6B18%C&I $0.8B0%Consumer $0.0BQ2 2025Q2 2026
Deposit mix
83%Interest-bearing $4.5B17%Noninterest $0.9BQ2 2025Q2 2026

NIM

4.97%Q2 ’245.07%Q2 ’255.14%Q2 ’26+9%+10%

Non-interest income vs. expense

2.35%Q2 ’242.40%Q2 ’252.23%Q2 ’26+3%-2%

Market Position · Knoxville, TN · 2026 SOD (annual) · 2.9% share · #8 of 42 inst. · $0.8B of $26.6B

30.5% Sevier
13.0% Tuscaloosa
4.1% Hamilton
2.4% Knox

Executive Summary

  • Earnings: ROA of 1.12%, up 21 bps year over year; NIM at 3.35%.
  • Asset quality: problem loans at 0.24% of loans (+5 bps YoY), with net charge-offs at 0.03%.
  • Capital: tier 1 leverage ratio of 9.86%, up 97 bps from a year ago.
  • Funding: loans stand at 87.00% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

1.12%+21 bps YoY

Net Interest Margin (YTD, annualized)

3.35%+30 bps YoY

Efficiency Ratio (YTD, annualized)

57.61%-700 bps YoY

Tier 1 Leverage Ratio

9.86%+97 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.91%0.97%1.00%1.04%1.12%+21 bps
Return on Equity9.17%9.60%9.70%9.60%10.34%+117 bps
Net Interest Margin3.05%2.99%3.04%3.36%3.35%+30 bps
Efficiency Ratio64.61%62.20%60.94%57.81%57.61%-700 bps
Non-Interest Burden1.75%1.60%1.60%1.71%1.70%-4 bps
Growth
Asset Growth (YoY)12.40%17.92%11.02%9.11%11.32%-108 bps
Loan Growth (YoY)15.44%13.67%11.81%13.25%13.63%-180 bps
Deposit Growth (YoY)12.78%17.94%10.05%8.02%10.62%-216 bps
Asset Quality
Nonperforming Loans / Loans0.19%0.24%0.22%0.27%0.24%+5 bps
Net Charge-Offs / Loans0.01%0.04%0.07%0.01%0.03%+2 bps
Allowance / Loans0.96%0.92%0.94%0.97%0.96%0 bps
Allowance Coverage of NPLs5.0x3.9x4.3x3.6x3.9x-1.1x
Capital
Tier 1 Leverage Ratio8.89%9.59%9.71%9.88%9.86%+97 bps
Total Risk-Based Capital11.25%12.37%12.32%12.41%12.30%+105 bps
Equity / Assets10.06%10.64%10.79%10.92%10.77%+70 bps
Liquidity & Funding
Loans / Deposits84.69%82.90%84.74%87.02%87.00%+231 bps
Liquid Assets / Assets7.30%10.14%8.84%6.84%6.72%-58 bps
CRE / Total Capitaln/a475%478%491%n/an/a

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas. Income-statement figures are year-to-date as filed, annualized (the UBPR convention). Each quarter includes the ones before it.

CallReports · callreports.ai· Performance TrendsGenerated 2026-10-11

Smartbank

Pigeon Forge, TN · Cert 58463 · Peer group: banks $1B-$10B in assets (n=322-328) · Smartfinancial Inc.

State charter, Fed member · FED · 42 branches

Q2 2026

$6.1BAssets
$4.7BLoans
$5.4BDeposits
$657.5MEquity

Executive Summary

  • Strongest standing: nonperforming loans / loans outperforms 74% of banks $1B-$10B in assets (rank 84 of 322).
  • Widest gap: tier 1 capital ratio trails 79% of banks $1B-$10B in assets (rank 259 of 328).
  • Overall: at or above the peer median on 4 of 9 directional measures.

Return on Assets

1.09%

Rank 206 of 328

Net Interest Margin

3.35%

Rank 191 of 328

Efficiency Ratio

58.41%

Rank 148 of 328

Equity / Assets

10.77%

Rank 140 of 328

Non-interest income vs. expense

$31.6M$132.6MINCOMEEXPENSE
Unfavorable gap of $101.0M · efficiency ratio beats 55% of banks $1B-$10B in assets
Bank 58.41%Peer median 59.6%Q2 2024Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRankPeer Position
Earnings
Return on Assets1.09%0.91%1.22%1.52%Beats 37%206 / 328
Return on Equity10.14%8.43%11.45%14.43%Beats 37%208 / 328
Net Interest Margin3.35%3.03%3.45%3.83%Beats 42%191 / 328
Efficiency Ratio58.41%51.61%59.56%67.53%Beats 55%148 / 328
Asset Quality
Nonperforming Loans / Loans0.24%0.24%0.51%1.03%Beats 74%84 / 322
Net Charge-Offs / Loans0.02%0.01%0.03%0.10%Beats 62%123 / 322
Capital
Tier 1 Capital Ratio11.38%11.75%13.15%15.47%Beats 21%259 / 328
Total Risk-Based Capital Ratio12.30%12.63%14.15%16.46%Beats 22%256 / 328
Equity / Assets10.77%9.15%10.33%12.01%Beats 57%140 / 328
Liquidity & Funding
Loans / Deposits87.00%76.63%87.92%95.36%48th pctl167 / 323
Loans / Assets76.83%65.18%74.15%79.98%63rd pctl123 / 328
Brokered Deposits / Depositsn/aNot reported for this institution